Government organizations are risking $148 million for every $1 billion spent on programs due to ineffective program management, according to a Project Management Institute study presented to the Government Efficiency Caucus this month.
By embracing fast and frequent project failure rates, organizations can become more efficient more quickly, according to a new report from research analyst Gartner. At the same time, portfolio managers should institute 'stop-loss' criteria to determine when to accept failure and bring a project to an end.
A new benchmark study on project portfolio management identifies best practices, future trends and areas of improvement, while establishing a link between PPM capability and return on investment.
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